Partnership25 Jan 2025, 10:43 pm
Sudarshan Pharma Acquires Patent Rights for Bioplastic Preparation from Uttaranchal University
AI Summary
Sudarshan Pharma Industries Ltd has entered into a Technology Transfer Agreement with Uttaranchal University, taking the rights, interest, and ownership of Patent no. 202111029005 for the preparation of Bioplastic from Stubble of Rice, Aloe Vera Waste, PVA, and Glycerol Plasticizer. The agreement grants exclusive rights to the company for 5 years, starting from 24th January 2025. The patent acquisition is aimed at expanding the company's technological capabilities and exploring new opportunities in the field of bioplastics.
Key Highlights
- Sudarshan Pharma has acquired the rights, interest, and ownership of Patent no. 202111029005 from Uttaranchal University.
- The agreement grants exclusive rights to the company for 5 years, starting from 24th January 2025.
- The patent is related to the preparation of Bioplastic from Stubble of Rice, Aloe Vera Waste, PVA, and Glycerol Plasticizer.
- This acquisition is expected to strengthen the company's technological capabilities and open new opportunities in the bioplastics field.
- The agreement terms do not include special rights like the right to appoint directors, first right to share subscription in case of issuance of shares, or the right to restrict any change in capital structure.